Standard Chartered has come up with a public offer of 24 crore Indian depository receipts (IDRs). Ten IDRs represent one equity share of the company (with a face value of $0.5 per equity share). The price band of the IDR is Rs 100-115 per IDR.

ICICI Prudential Discovery Fund and ICICI Prudential Infrastructure Fund have picked up 13.35 per cent each of the 3.6 crore shares allotted to the anchor investors, Reliance Growth Fund has bought 10.68 per cent stake and HDFC Prudence Fund has picked up 7.75 per cent.

As per the applicable SEBI Regulations, if the issue price fixed as a result of book building exercise is higher than the price at which Anchor Investors have been allocated building exercise is higher than the price at which Anchor Investors would be required to bring in additional amount.